JPMorgan taps both Ethereum and Solana for separate reasons for its institutional cash stack

JPMorgan filed a prospectus on May 12 for the JPMorgan OnChain Liquidity-Token Money Market Fund, ticker JLTXX. The fund invests exclusively in US Treasury securities and overnight repo collateralized by Treasuries and cash, targeting a $1.00 net asset value. JPMorgan manages it to meet the eligible reserve asset requirements that stablecoin issuers may need under […] The post JPMorgan taps both Ethereum and Solana for separate reasons for its institutional cash stack appeared first on CryptoSlate.